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Proposed assurance standard on pro forma information

  • International Auditing (lt green) Image

29 Apr 2010

The International Auditing and Assurance Standards Board (IAASB) has proposed a new International Standard on Assurance Engagements (ISAE) that addresses the process of compiling pro forma financial information included in prospectuses.

The proposed standard, Assurance Reports on the Process to Compile Pro Forma Financial Information Included in a Prospectus, deals with information that illustrates the potential impact of an event or transaction on an issuer's financial information. It provides guidance on an auditor's procedures when reporting on whether the process of compiling pro forma financial information has been properly followed. Click here for IAASB Press Release (PDF 22k), which includes a link to download the proposal from the IAASB's website. Comments are due by 30 September 2010.


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